Bitcoin Builds Base Amid Early Hodler Selling, Institutions Eye Entry
Strategy (MSTR) Chairman Michael Saylor said Bitcoin is forming a base as long-term holders sell modest amounts and institutions prepare for larger allocations. He pointed to the one-year chart, showing a 99% increase, and noted that volatility is easing, a positive technical signal.
Saylor highlighted Strategy’s efforts to expand Bitcoin’s use beyond a store-of-value, including preferred-stock products backed by Bitcoin that deliver up to 12% yields. This approach aims to create cash-flow-like qualities, appealing to institutional investors.
